Heavy industrial classification of property proposed
At a special meeting of Council on May 18, the City unveiled its eight catalytic projects and advocacy efforts to accelerate growth in Saint John.
One of the eight priorities is comprehensive tax reform – a modernization to the current tax system in New Brunswick – something Saint John Council has long advocated for to help the City thrive and grow. The Provincial Government and all eight N.B. municipalities are key collaborators on this priority, and Saint John looks forward to working together to achieve the best possible results for all.
Mayor Donna Reardon is pleased with the news, saying “The action taken in the legislature yesterday is welcome news for Saint John as it is a step towards comprehensive tax reform. We are optimistic about the future, and the chance to build stronger together. We commend the Province for their action on this priority for Saint John, and all other New Brunswick municipalities.”
The City will not know the exact financial implications until it receives the heavy industry property assessment data from the Province.
“We look forward to our continued collaboration with the Province in support of Saint John’s catalytic priorities,” adds Reardon.
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